Author: NBTC

VanEck remains optimistic as Bitcoin (BTC) price continues to nosedive in the aftermath of woes around the German government and Mt. Gox. Market corrections are a dreaded scenario, spelling fear among traders. While the otherwise “weak hands” cower, the bold lot seize the opportunity to grow their bags. VanEck Urges Traders: Buy Bitcoin During Market Panic Describing the ongoing Bitcoin crash as “4th of July discounts,” VanEck sees BTC price falling to the $53,000 range as a ‘buy the dip’ opportunity. On-chain platform Santiment shares the sentiment, urging bold traders to seize the moment. “Markets have continued to bleed, and…

Investors who procure $10,000, $50,000 or $100,000 worth of Shiba Inu could see their holdings hit $10 million if SHIB clinches certain price targets. Shiba Inu has captured investor interest in the ongoing bull market, leading to occasional spikes in trade volume. This is primarily due to its previous price run in the 2021 bull market, when it transformed a meager $12 to $1 million 453 days, as spotlighted by The Crypto Basic last May. Market participants anticipate a similar price spike from Shiba Inu, citing its robust transformation to a decentralized ecosystem through developments from the ecosystem team led…

Key Points: WazirX withdrawals reopened functions for users affected by the July 18 attack. WazirX will provide daily reports on the progress and measures being taken to secure the platform and address the aftermath of the cyberattack. The exchange aims to inform the community through regular updates on its official blog, highlighting its commitment to rebuilding trust. WazirX withdrawals reopened and announced a significant update on the X platform, telling users that the team is working hard to reinstate the withdrawal functionality. This move was made in response to the cyberattack, which resulted in a disruption of services on July…

Bitcoin (BTC) lost a four-month price range with a three-day 14.74% crash to $53,540 on July 5. In the last 30 days, BTC lost over 25% of its market value, ending an all-time “longest winning streak.” Capriole Investments‘ crypto analyst Charles Edwards reported this milestone on X, highlighting Bitcoin’s 427-day winning streak without a 25% drawdown. Essentially, it is the first time in history that Bitcoin has gone without such a correction for 427 days. Edwards called it a “pretty incredible run” and a “well overdue correction” for the leading cryptocurrency. Previously, Bitcoin went through 364 days (one year) without…

Gate.io has announced that it’s terminating all its services in Japan, with a halt to new accounts opening for Japanese residents commencing on July 22. The exchange announced the move on Monday and revealed a compliance process would be in place for its customers that seek to migrate assets to crypto platforms that currently comply with Japanese regulations. “As one of the world’s leading cryptocurrency exchanges, we strive to comply with financial regulations in all regions in which we operate. Based on this commitment, we regret to inform you that we will be terminating our services for Japan,” the exchange…

Former Mt. Gox CEO Mark Karpeles has broken his silence following the start of a 141,686 BTC refund from the infamous bankrupt exchange. On July 5, 2024, Mt. Gox, which has been under scrutiny since its collapse in 2014, made a significant transfer of 47,229 BTC, valued at $2.71 billion, according to Arkham Intelligence. This transfer included subsequent movements to and from various wallets, causing fear and uncertainty in the community. In response to these events, Mark Karpeles, the former CEO of Mt. Gox, expressed relief that customers were finally receiving their Bitcoin after more than a decade of uncertainty.…

Billy Markus, who joined forces with another software builder Jackson Palmer in 2013 to create the very first meme cryptocurrency Dogecoin, has taken to the X platform to pay tribute to the legendary meme Shiba Inu dog Kabosu passing away on Friday. DOGE founder comments on Kabosu’s passing After becoming a meme in 2010, Kabosu inspired the Dogecoin creators and became the mascot of this original meme crypto. Markus, known on X as Shibetoshi Nakamoto, published a post about Kabosu talking to Death, in which the dog says that “it’s time to go.” She asks Death if she “was a…

Individuals investing in XRP today potentially prepare themselves for returns exceeding 600% should XRP trade at $3.84 again. XRP has welcomed a few positive reports this week, but its price has remained stable at around $0.5346. Zooming out to the 30-day scale, XRP has only experienced 2.18% growth, languishing around the $0.5 threshold. However, proponents are ever confident about the asset’s potential for aggressive movement. To this end, a notable XRP commentator recently outlined profit targets XRP holders can anticipate upon a reclamation of the $3.84 all-time high. Precisely, this assessment visualizes the potential yields for wallets holding between 5,000…

Bitcoin (BTC) recently crashed to a four-month low, losing more than 25% from its all-time high of $73,135 reached on March 13, erasing billions and causing a broader cryptocurrency market downturn. BTC is currently trading at $55,291 after erasing 3.06% over the past 24 hours, adding to the losses of 10.11% in the previous seven days. Since its March 13 high of $1.4 trillion, the flagship digital asset has lost $350 billion from its market cap, as per the latest data retrieved by Finbold from CoinMarketCap. This downward trend has been bolstered by the large volume of sales and the…

Pendle Finance, a prominent decentralized finance (DeFi) protocol specializing in yield trading solutions, is staging a strong recovery following a major security breach earlier this year. The incident, involving a malicious DNS redirect and domain hijack attempt, led to a temporary shutdown of Pendle’s app. However, swift action by Pendle’s team to regain control and ensure user fund safety has set the stage for a significant comeback. PENDLE token price rebounds Pendle’s native token, PENDLE, has shown a notable recovery, surging by 15.8% over the past 14 days. At the time of writing, the token was trading at $4.22. Despite…